While some leaders of the South have preferred to integrate the BRICS (Brazil, Russia, India, China, South Africa), Mohammed VI, for his part, has chosen to strengthen his ties with the West.
Morocco has experienced fairly sustained economic growth since 2000, after the accession to the throne of King Mohammed VI. The kingdom is taking measures to attract foreign investment and become a major regional power.
In recent months, Chinese investors have set their sights on Morocco. Last week, a Chinese group announced a $2 billion investment to build an electric battery component factory in the kingdom.
Morocco is among the three African countries most attractive to Chinese investors over the next decade. This emerges from the ranking of a specialized website.
Morocco maintains its ambition, that of bringing the share of renewable energies to more than 52% by 2030. It is betting on an investment of one to two billion dollars per year.
The arbitral tribunal set up to hear the dispute between the Spanish real estate company Marina d’Or and Morocco, relating to real estate investments of more than 400 million euros lost in Rabat and Tangier, held its first session last Monday.
The United States has become Morocco’s top foreign investor in 2022, dethroning France. The kingdom is experiencing an explosion of private investment.
British investors are currently on a mission in Dakhla, looking for opportunities in the Dakhla-Oued Eddahab region, particularly in the field of renewable energies.
Alstom is strengthening its presence in Morocco with an investment of 160 million dirhams in a second railway equipment manufacturing plant. The site will be dedicated to the production of driver’s cabs for regional trains and metros, generating 200 direct jobs by 2025.
Morocco is one of the most attractive countries in the world for billionaires who want to invest to grow their businesses, a study by the Henley & Partners firm reveals.
The CEO of the Nigerian National Petroleum Company (NNPC), Malam Mele Kyari, partner of the National Office of Hydrocarbons and Mines (ONHYM) in the construction of the Morocco-Nigeria gas pipeline, announced an investment of $12.5 billion, or 50% of the total cost of the project, to accelerate its implementation.
The National Investment Commission has approved a series of 21 projects. The total investment of these projects amounts to 76.7 billion dirhams, the equivalent of 6.98 billion euros, according to an official government press release.